@article{059add0e4ae948f7a85201b9507c7349,
title = "“Financial less is more”: An experimental study of financial communication",
abstract = "Past research has demonstrated that many individuals are not well equipped to make financial decisions and hence depend greatly on the flow and quality of financial information. Various governments are implementing reforms aimed at improving the quality of pension financial communication. Certain countries are requiring a move to short-form pension reporting, and some are requiring digital reporting instead of (or in some cases, in addition to) paper reporting. In a series of experiments, we show that the ability to locate information in financial reports is sensitive to the length of the report and to the communication form.",
keywords = "Financial communication, Financial reporting, paper vs. digital, Simplification",
author = "Abigail Hurwitz and Eyal Lahav and Yevgeny Mugerman",
note = "Funding Information: We have benefited from comments by Doron Kliger, Olivia S. Mitchell, Shabnam Mousavi, Orly Sade, Tal Shavit, Eyal Winter, participants at the 3 rd Coller Incentives and Behavior Change Conference (CCBE) and at SABE-IAREP 2018, and from seminar participants at Konan University, Japan, the College of Management Academic Studies, Israel, and the Open University of Israel. This project was supported by the I-CORE program of the Planning and Budgeting Committee at the Israel Science Foundation. Lahav and Hurwitz are grateful for financial support from the College of Management Academic Studies, Israel. Hurwitz wishes to express her gratitude for the Bogen Fellowship for supporting her research and the Wharton school of the University of Pennsylvania for support and hospitality. Funding Information: We have benefited from comments by Doron Kliger, Olivia S. Mitchell, Shabnam Mousavi, Orly Sade, Tal Shavit, Eyal Winter, participants at the 3rd Coller Incentives and Behavior Change Conference (CCBE) and at SABE-IAREP 2018, and from seminar participants at Konan University, Japan, the College of Management Academic Studies, Israel, and the Open University of Israel. This project was supported by the I-CORE program of the Planning and Budgeting Committee at the Israel Science Foundation. Lahav and Hurwitz are grateful for financial support from the College of Management Academic Studies, Israel. Hurwitz wishes to express her gratitude for the Bogen Fellowship for supporting her research and the Wharton school of the University of Pennsylvania for support and hospitality. Publisher Copyright: {\textcopyright} 2021 Elsevier Inc.",
year = "2021",
month = oct,
doi = "10.1016/j.socec.2021.101756",
language = "American English",
volume = "94",
journal = "Journal of Behavioral and Experimental Economics",
issn = "2214-8043",
publisher = "Elsevier Inc.",
}